Business
First Drill Results for Loflin
First Drill Results for Loflin.
About this update from Lexington Gold Ltd.
[{"type":"text","content":"\n \n \n \n RNS Number : 3150G\n Lexington Gold Limited\n 29 March 2022\n \n \n \n \n 29 March 2022\n \n \n Lexington Gold Ltd\n \n \n (\"Lexington Gold\" or the \"Company\")\n \n \n \n \n \n First Drill Results for Loflin Confirm Significant New Discovery and \n \n \n Extension of the Mineralisation\n \n \n \n \n \n Lexington Gold (AIM: LEX), the gold exploration and development company with projects in North and South Carolina, USA, is pleased to announce that it has received initial assay results with respect to Loflin further to the Company's recently completed 5,000m \n reverse circulation (\"RC\") drilling programm\n e. \n \n \n The assay results received relate to 8 of the 18 RC drill holes from the campaign at Loflin, namely 6 holes from Loflin South and 2 holes from the north-eastern extension of the main Loflin deposit. \n \n \n \n \n \n Highlights\n :\n \n \n · \n Assay results confirm a significant new discovery, that has been named Loflin South\n . Selected assay highlights include:\n \n \n \n \n \n · \n Hole LFRC-006: 36m @ 1.67 g/t Au and 1.89 g/t Ag from 20m to 56m including:\n \n \n o \n 12m @ 3.27 g/t Au and 2.9 g/t Ag from 28m to 40m\n \n \n o \n 4m @ 5.63 g/t Au and 3.5 g/t Ag from 32m to 36m\n \n \n \n \n \n · \n Hole LFRC-002: 20m @ 1.52 g/t Au and 1.67 g/t Ag from 16m to 36m including:\n \n \n o \n 4m @ 3.01 g/t Au and 2.45 g/t Ag from 32m to 36m \n \n \n \n \n \n · \n Hole LFRC-003: 8m @ 1.32 g/t Au from 80m to 88m including:\n \n \n o \n 4m @ 1.45 g/t Au from 80m to 84m \n \n \n \n \n \n · \n Loflin South, located less than 250m south and south-east of the maiden Loflin JORC resource estimate, represents potential for significant expansion or addition to the current resource\n \n \n \n \n \n · \n Succesful drilling has extended the north-eastern boundary of the known Loflin JORC resource\n with selected assays including:\n \n \n \n \n \n · \n Hole LFRC-008: 12m @ 1.26 g/t Au from 16m to 28m including:\n \n \n o \n 4m @ 1.78 g/t Au from 20m to 24m\n \n \n \n · \n Assay results returned Silver (Ag) values of up to 3.5 g/t Ag associated with gold mineralisation and zones of high sulphide alteration.\n \n \n \n \n \n Bernard Olivier, Lexington Gold's CEO, commented\n : \n \n \n \"These are excellent results ...